Charge off

Usually that kind of stuff needs to be worked out at the time you arrange a settlement. Needless to say, you probably should have got in writing that they would remove it from the credit report or mark it as PIF. When a settlement goes unchecked, they tend to report "settled for less than full balance."

However, for a company to accept a settlement and then report the remaining balance as a chargeoff is inaccurate. It really is not a chargeoff, it is considered "forgiven debt."

Since you can't go back in time, I might suggest two options. First, you can dispute your credit report. Dispute the fact that they reported it as a chargeoff, and they just might update your report in your favor. If at first you don't succeed, try, try again. Keep disputing it every month until eventually they get sick of the disputes and give you what you want.

The other option, if you are willing to pay what the full balance was, is to call them and see if they will take the payment to report the account paid-in-full and reverse the chargeoff status. In their eyes, why would they care about "sticking it to you" and leaving it on your credit report if they can get paid the full amount? It's all numbers to them, anyway. If they agree to take the payment in order to clear up your credit report, make sure you get it in writing. That way if the reneg later on, you will have proof that they agreed to correct your credit file.